• <a fr-original-style="" href="https://techcrunch.com/2022/07/25/gm-joint-venture-to-receive-2-5b-government-loan-for-u-s-battery-plants/amp/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">US Department of Energy</a> (DOE) is providing a $2.5 billion loan to the GM and LG joint venture Ultium Cells to build EV battery cell factories in Michigan, Ohio and Tennessee. This marks DOE's first loan issued exclusively for EV battery cell production under the Advanced Technology Vehicles Manufacturing Program.<img src="https://images.aposto.com/2022/6/2/1658860232890.jpeg" style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.51" width="550" alt="GM EV factory" fr-original-style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">via The Verge<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">In other news: General Motors said it secured <a fr-original-style="" href="https://www.theverge.com/2022/7/26/23278733/gm-lg-chem-cathode-deal-ev-battery-earnings" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">a deal with LG Chem</a> for 950,000 tons of cathode active materials, which would be enough battery material to power approximately 5 million EVs and would help the company's goal to catch up with Tesla.</li></ul>

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